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Reinsurance (Tables)
9 Months Ended
Sep. 30, 2018
Reinsurance Disclosures [Abstract]  
Summary of Variable Annuity Contracts Containing GMIB and GMDB Provisions Reinsured With Life Insurance in Force

At September 30, 2018 and December 31, 2017, the Company had the following account values for variable annuity contracts containing GMIB and GMDB provisions that were reinsured along with insurance in force:

 

September 30, 2018

 

 

Gross amount

 

Ceded to other companies

 

Assumed from

other companies

 

Net

amount

 

 

Percentage of amount assumed

to net amount

 

 

Percentage of amount ceded to gross amount

 

Life insurance

$

 

4,329,628

 

$

 

131,395

 

$

 

1,165

 

$

 

4,199,398

 

 

 

0.03

%

 

 

3.03

%

GMIB

 

 

1,368,024

 

 

 

445,153

 

 

 

-

 

 

 

922,871

 

 

 

0.00

%

 

 

32.54

%

GMDB

 

 

3,759,683

 

 

 

161,714

 

 

 

-

 

 

 

3,597,969

 

 

 

0.00

%

 

 

4.30

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2017

 

 

Gross amount

 

Ceded to other companies

 

Assumed from

other companies

 

Net

amount

 

 

Percentage of amount assumed

to net amount

 

 

Percentage of amount ceded to gross amount

 

Life insurance

$

 

4,465,980

 

$

 

143,356

 

$

 

1,047

 

$

 

4,323,671

 

 

 

0.02

%

 

 

3.21

%

GMIB

 

 

1,453,202

 

 

 

478,098

 

 

 

-

 

 

 

975,104

 

 

 

0.00

%

 

 

32.90

%

GMDB

 

 

3,979,129

 

 

 

171,818

 

 

 

-

 

 

 

3,807,311

 

 

 

0.00

%

 

 

4.32

%